ADVFN - Advanced Financial Network.
HOME» NYSE » C » CSC Stock Price » CSC Stock News

Computer Sciences Share News

 Computer Sciences Corp. Stock Price
CSC Stock Price
 Computer Sciences Corp. Stock Chart
CSC Stock Chart
 Computer Sciences Corp. Stock News
CSC Stock News
 Computer Sciences Corp. Company Information
CSC Company Information
 Computer Sciences Corp. Stock Trades
CSC Stock Trades

CSC 2Q Net Off 15% As Revenue, Margins Weaken; View Mixed

DOW JONES NEWSWIRES CSC's (CSC) second-quarter earnings fell 15% as the information-technology company reported weaker revenue and margins along with sharply higher taxes. It raised its profit target for the year by 5 cents to $5.35 to $5.45 a share but lowered its revenue view to $16.5 billion to $17 billion from $16.8 billion to $17.2 billion. The information-technology services company, which provides services from consumer-credit information to online-data security, has benefited from increased IT outsourcing. For the quarter ended Oct. 1, CSC reported a profit of $184 million, or $1.18 a share, down from $216 million, or $1.40 a share, a year earlier. Revenue decreased 1.6% to $3.98 billion. Analysts polled by Thomson Reuters most recently forecast earnings of $1.17 on revenue of $4 billion. Gross margin fell to 20% from 20.4%. CSC's managed-services segment, which is its largest by revenue and which mainly covers government contracts, saw revenue edge up 0.1%. Its North American public-sector business reported revenue declined 4.5%. Shares closed Tuesday at $48.79 and were down 1.4% premarket to $48.10. -By Tess Stynes, Dow Jones Newswires; 212-416-2481; Tess.Stynes@dowjones.com;

Stock News for Computer Sciences (CSC)
DateTimeHeadline
04/09/201513:36:38Statement of Changes in Beneficial Ownership (4)
04/09/201513:36:09Statement of Changes in Beneficial Ownership (4)
04/07/201510:05:09Statement of Changes in Beneficial Ownership (4)
03/27/201512:35:02Statement of Changes in Beneficial Ownership (4)
03/27/201512:35:02Statement of Changes in Beneficial Ownership (4)
03/19/201500:18:43CSC's ServiceMesh unit implicated in bribery case
03/18/201519:13:34Jana Partners Sells 20% Stake To Neuberger Business--2nd Update
03/18/201507:16:30Australia Police Charge Former Commonwealth Bank Executive With...
03/11/201517:46:55Statement of Changes in Beneficial Ownership (4)
03/11/201517:46:55Statement of Changes in Beneficial Ownership (4)
03/11/201516:15:00CSC Board Declares Quarterly Cash Dividend
03/10/201514:10:52Initial Statement of Beneficial Ownership (3)
03/09/201513:00:00Allscripts and Elsevier Join Forces to Elevate Health Care and...
02/24/201505:00:00Global IT Services Company CSC Signs Next-Generation Applications...
02/23/201516:41:34Statement of Beneficial Ownership (sc 13d)
02/23/201514:46:18Computer Sciences soars on M&A report
02/23/201514:15:00IBM and CSC Expand Partnership to Help Growing Ecosystem Develop...
02/17/201517:15:17Statement of Changes in Beneficial Ownership (4)
02/17/201517:15:16Statement of Changes in Beneficial Ownership (4)
02/17/201517:15:16Statement of Changes in Beneficial Ownership (4)

Computer Sciences and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad